CosmicTaco

Pibit.AI Secures $7M To Advance GenAI Platform

CosmicTaco · 2025-11-20T19:41:55.939062+05:30

- Pibit.AI has secured $7 million in a Series A funding round led by Stellaris Venture Partners, with contributions from Y Combinator and Arali Ventures. - The funding aims to enhance the startup's R&D, expand its CURE platform, and strengthen its data partnerships and risk models. - Founded in 2020 by IIT-Roorkee alum Akash Agarwal, Pibit.AI specializes in GenAI-powered underwriting through its Centralised Underwriting Risk Environment (CURE). - The CURE platform is widely adopted by insurance carriers like Kinetic and Shephard, primarily in the US, enhancing underwriting speed and accuracy. - The funding round coincides with India's evolving insurance landscape, marked by AI innovations and the recent lift on foreign direct investment caps. Source: [Inc42](https://inc42.com/buzz/pibit-ai-bags-7-mn-to-scale-its-genai-underwriting-platform/)

Pibit.AI has secured $7 million in a Series A funding round led by Stellaris Venture Partners, with contributions from Y Combinator and Arali Ventures.
The funding aims to enhance the startup's R&D, expand its CURE platform, and strengthen its data partnerships and risk models.
Founded in 2020 by IIT-Roorkee alum Akash Agarwal, Pibit.AI specializes in GenAI-powered underwriting through its Centralised Underwriting Risk Environment (CURE).
The CURE platform is widely adopted by insurance carriers like Kinetic and Shephard, primarily in the US, enhancing underwriting speed and accuracy.
The funding round coincides with India's evolving insurance landscape, marked by AI innovations and the recent lift on foreign direct investment caps.

Source: Inc42